In 2012, the total credit card debt in the United States was $793.1 billion. The average credit card debt per household was $15,799, while 15% of cardholders claimed to have a balance above $10,000. That's a lot of debt. If you are one of the many Americans struggling to pay back credit card debt, you've likely considered hiring a credit repair company.
Credit repair companies work on behalf of consumers in an attempt to erase negative information from their credit card reports. Negative credit reports can deter a consumer from major life purchases, such as buying a home or a new car. If you're still unsure whether a credit repair company is right for you, below are some of the biggest benefits.
Clearing up inaccuracies: According to a recent study, nearly 79% of all Americans have some sort of miscalculation or inaccuracy in their credit reports. For these reports, a credit repair can identify mistakes, correct the information and remove negative reporting so that the report is as accurate as possible.
Improve insurance policies: Most insurance companies offer their policies based on the credit reports of clients. If your credit report suggests that you are behind on payments, you will not be offered a reasonably priced policy. A credit repair company can help clean up your credit rating and save you money throughout your policy.
Better job possibilities: Most companies check the credit history of its applicants as a part of the employment screening. These credit reports reveal things a resume leaves out, such as unpaid child support, late bill payments or existing verdicts against the applicant.
If you are looking to find your path to better credit, Trinity Credit Services offers a number of credit services that can help you. With its 180-day process, Trinity Credit Services will have your credit report tidied up in no time. Within five days of hiring Trinity, your first round investigations will be sent to the credit bureaus. Ten days into your process, you will receive your Credit Survival Guide that gives you step-by-step instructions to find your way back to healthy credit.
Forty-five days in, you should have received forwarded mail to Trinity from all three credit bureaus. At 90 days, you will log into your account to view your updates and improvements. By this point, you should be seeing continual activity and mail from creditors. At the 180-day mark, you will be able to compare before and after results. Trinity will also assist you in the home or auto loan approval process to guarantee you get the best loans available.